Bitfarms Ltd (NASDAQ:BITF) shares, rose in value on Wednesday, July 09, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.03.
Actively observing the price movement in the last trading, the stock closed the session at $1.03, falling within a range of $0.98 and $1.0593. The value of beta (5-year monthly) was 4.159. Referring to stock’s 52-week performance, its high was $3.15, and the low was $0.67. On the whole, BITF has fluctuated by 14.81% over the past month.
With the market capitalization of Bitfarms Ltd currently standing at about $572.64 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-14.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 328.63M, with a low estimate of 67.52M and a high estimate of 88.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 79.8M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BITF’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of BITF currently trading nearly 17.82% and 7.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.21, while the 7-day volatility ratio is showing 11.37% which for the 30-day chart, stands at 7.42%. Furthermore, Bitfarms Ltd (BITF)’s beta value is 3.79.
A comparison of Bitfarms Ltd (BITF) with its peers suggests the former has fared considerably weaker in the market. BITF showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -30.87%%.
Data on historical trading for Bitfarms Ltd (NASDAQ:BITF) indicates that the trading volumes over the past 10 days have averaged 21.41 and over the past 3 months, they’ve averaged 16.11 million. According to company’s latest data on outstanding shares, there are 553.64 million shares outstanding.
Nearly 12.56% of Bitfarms Ltd’s shares belong to company insiders and institutional investors own 20.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 44.07 million shares as on 2025-06-13, resulting in a short ratio of 2.14. According to the data, the short interest in Bitfarms Ltd (BITF) stood at 821.00 of shares outstanding as of 2025-06-13; the number of short shares registered in 2025-05-15 reached 52.1 million. The stock has fallen by -61.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BITF stock heading into the next quarter.
